401 Monroe AveBuckeye, AZ 85326
- Office properties
- 7,976 SF
Property Details for 401 Monroe Ave
- Year built
- 1914
- Construction
- CONCRETE
- Lot size
- 0.10 AC
- Property size (Sq ft)
- 7,976 SF
- Zone code
- CC
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 400-26-024B
- APU
- 40026024B
Description
This exceptional commercial property, located at 401 E Monroe Ave in Buckeye, Arizona, presents a unique investment opportunity. Boasting 11,754 square feet, this two-story building, constructed in 1914, sits on a parcel with APN 400-26-024B and is zoned CC by the City of Buckeye. Its prominent corner location at the intersection of Fourth Street and Monroe Avenue offers unparalleled visibility and accessibility within the thriving Buckeye community. The property's rich history includes previous uses as a Pay Less Market and a hotel, serving as a central hub for the town's agricultural past. This landmark building offers a blank canvas for a modern retail venture, allowing a buyer to capitalize on its historical significance and prime location. The substantial square footage provides ample space for a variety of retail concepts, while the building's character and location offer a unique opportunity to create a memorable and successful business. The asking price is $1,100,000. This is a chance to own a piece of Buckeye's heritage and contribute to its continued growth. The property's strategic location and substantial size make it an ideal investment for entrepreneurs seeking a high-impact retail space in a rapidly expanding market. Don't miss this chance to acquire a truly remarkable property in the heart of Buckeye, Arizona.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,910,881
- 6.5%
- $1,763,890
- 7%
- $1,637,898
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,229,500
- Geo Method
- $1,229,500
-
Alternative Use
- Use
- Valuation
- Residential
- $2,187,224
- Hospitality
- $2,003,486
- Educational
- $1,666,876
- Medical
- $1,724,203
- Retail
- $2,592,919
Location Insight
- City
- Buckeye
- County
- Maricopa
- State
- Arizona
- Latitude
- 33.3703
- Longitude
- -112.586
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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